The Official Fuel Prices Thread

This is a discussion on The Official Fuel Prices Thread within The Indian Car Scene, part of the BHP India category; Anybody knows if HPCL and IOC have hiked the price in Pune as of now? As of yesterday, only BPCL ...

It seems the oil companies are increasing the prices if the price of crude oil goes up. But they are not bringing it down if it comes down. They wait at the same level till the next price increase of crude oil...

DELHI: State-owned oil companies today raised petrol prices by Rs 2.50-Rs 2.54 per litre, the second hike in a month.
Wow. That's almost a 10% hike in the past 2 months. Now it kind scares me. With this rate the day when petrol reaches Rs100/liter is not far.
And its not just petrol. Only yesterday the newspaper had an article about CNG prices rising by around 8% spread over the next few months. It's like the government saw this opportunity and struck.

the reason is high taxes, apart from prices of crude.
we have not yet lost the socialistic mind set, and tax everything perceived to be 'luxury' heavily. instead of ad valorem, the government should have fixed duties on things like fuel.as the consumption is increasing, the revenues will also increase.
most people will happily take to public transport, if there is enough of it, so that you do not travel 'cattle class', and you do not have to walk much to get to it.